The head of Tesla and SpaceX suspended the offer to buy shares of Twitter. I’m waiting for a report on spam and fake accounts.
Elon Musk has suspended his $44 billion bid to buy Twitter shares after the service said fake or spam accounts accounted for less than 5% of the total. from 226 active accounts.
Musk wants to make sure how many Twitter accounts are fake
Of course, Musk announced his decision on Twitter, where he added a link to a Reuters article informing about the Twitter report. The billionaire added that the proposal has been put on hold until it can be determined whether fake accounts actually make up less than 5 percent. users.
Information about the suspension of the Twitter buyout sent shares down 19% on the New York Stock Exchange.
Twitter’s report says the percentage of fake accounts is just an estimate, and the actual figure could be higher. Data was collected based on a selected group of accounts active in the first quarter of 2022 from active accounts.
This won’t be the first time Twitter has gotten its account count wrong. The company recently reported that it incorrectly counted the number of active accounts for three years, separately counting accounts owned by one person. This bug added almost 2 million accounts every quarter.
Reducing the number of bots, spam and fake accounts is one of Elon Musk’s key proposals after the Twitter hack. Until he revealed how he wants to do it. In addition, Musk’s main goal is to make Twitter a “bastion of free speech.” According to him, everything on Twitter should be allowed that is not prohibited by the laws of the country in which it operates.
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